Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.067%

Price spread now: Aster against SoDEX+0.081%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.081% dearer against SoDEX than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX COPPER-USD	6.7818	0.0050	pay 0.0006% / 1h	31m 54s	$898	$3K	20x
Short	Aster XCUUSDT	6.7873	0	get 0.0000% / 4h	3h 31m	$32K	$52K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee AsterbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$10.5
Price spread: +0.081% → 0.000%: $8.05
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

SoDEX and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COPPER on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin COPPER-USDT	−0.0011%	4h	6.7870	+0.077%	$88K	$147K	100x	as long as short
edgeX COPPERUSDC	−0.0003%	4h	6.7867	+0.073%	$93K	$317K	20x	as long as short
Aster XCUUSDTshort	0.0000%	4h	6.7873	+0.081%	$32K	$52K	50x
Binance COPPERUSDT	0.0000%	4h	6.7873	+0.081%	$8.9M	$34.8M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7823	+0.007%	$469K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7770	−0.071%	$1.3M	$522K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7870	+0.077%	$25.6M	$4.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7866	+0.071%	$748K	$1.6M	—	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7870	+0.077%	—	$7.9M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.7900	+0.121%	$60K	$28K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.7870	+0.077%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7804	−0.021%	$176K	—	25x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7810	−0.011%	$236K	$2.9M	20x	as long as short
QFEX COPPER-USD	+0.0042%	1h	6.7870	+0.077%	$1.5M	$138K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7798	−0.029%	—	$82K	25x	as long as short
SoDEX COPPER-USDlong	+0.0050%	1h	6.7818	long leg	$898	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7795	−0.034%	$62K	$24K	15x	as long as short
Paradex XCU-USD-PERP	+0.0052%	8h	6.7849	+0.046%	$1K	$3K	5x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7869	+0.075%	$25K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7830	+0.018%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.7930	+0.165%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7860	+0.062%	$310	—	10x	as long as short
Bitget COPPERUSDT	+0.0132%	4h	6.7860	+0.062%	$1.7M	$1.1M	100x	as long as short
tradeXYZ xyz:COPPER	+0.0158%	1h	6.7843	+0.037%	$10.4M	$5.9M	20x	as long as short
Phoenix COPPER	+0.0212%	1h	6.7882	+0.094%	$45K	$30K	20x	as long as short
Lighter XCU	+0.0224%	1h	6.7941	+0.181%	$476K	$46K	20x	as long as short
GRVT COPPER_USDT_Perp	+0.0286%	4h	6.7878	+0.089%	$87K	$2.1M	25x	as long as short
Kraken Futures PF_XCUUSD	+0.0573%	1h	6.7886	+0.101%	$26K	$177K	20x	as long as short